KYC to me means the tax man definitely knows what you're up to

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It also means "know your customer". Big thing in some industries.

I know what it stands for I was just commenting on what it is used for as far as government is concerned which is to tax me on money that has already been taxed 3 times over

Of course you do. I meant that in a literal way. Tomorrow I'll quote thos note with the positive KYC application 😉